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Analyse the treatment of the additional shares acquired

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Reference no: EM132725899

Consider the following situations independently:

a) Sweet Bhd acquired 20% interests in Heart Bhd on 1 June 2018. A further of 45% was acquired on 1 July 2020.

b) Love Bhd acquired 60% interests in Hate Bhd on 1 January 2016. A further of 20% was acquired on 1 January 2019.

c) On 1 January 2018, Fruity Bhd acquired 60 million shares in Vege Bhd for RM78 million. Vege Bhd is having 100 million ordinary shares. On 1 January 2019, Vege Bhd bought back 20 million shares for RM25 million from its non-controlling interest.

Required:

Problem 1: Analyse the treatment of the additional shares acquired in the consolidated financial statements.

Reference no: EM132725899

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